City Of Glasgow Sets Preliminary Assessments For Fiscal Year 2024-2025

The City of Glasgow at a work session on Aug. 13, gave preliminary approval to a general fund budget and set assessments for the new fiscal year.

The general fund budget was set at $3,318,112. The general fund budget funds services such as the Glasgow Police Department, Glasgow Fire Department and the Glasgow Recreation Department.

The council gave preliminary approval to a tax cut for city of Glasgow property taxpayers. The council voted to assess less mills than last fiscal year which will result in a tax cut of $6,584.58 for property taxpayers in the city. The assessment will generate $1,556,118.36 for this fiscal year compared to the assessments which raised $1,562,702.94 last year.

City residents will see an increase in street assessments as the council voted too tentatively increase the assessment by five percent. The increase will generate an additional $29,244.69 which will be used to repair aging city streets. The total street assessment for commercial and residential properties will generate $614,138.46 to be used for operation and maintenance of the city street department.

A public hearing will be held on Tuesday, Sept. 3, when the council will be asked to give final approval to these items and all budget item and assessments.